Fortune

Scott Bessent is using moves from his hedge fund days to prop up Japan’s yen—and America’s $40 trillion national debt

Scott Bessent is using moves from his hedge fund days to prop up Japan’s yen—and America’s $40 trillion national debtWorldPing

The man who once shorted currencies is now propping them up. “He takes risks that other Treasury Secretaries over the past two generations wouldn't.”…

This is a short WorldPing brief. The full report was published by Fortune.

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CNBC World

Treasury yields slide as oil falls on Bessent comments

The move comes as oil prices slid more than 2% on the day after Bessent told CNBC an agreement to open the Strait of Hormuz could come Tuesday or Wednesday.

Brief by WorldPing · Original reporting by CNBC World